EUR/CHF: standing aside

Due to last week’s deep pullback I stop looking for long setups for now as the 4h chart is not looking bullish at the moment. We have a lower high and a lower low therefore the price action does not support trrading the long side. We may se a retest of the 1.2825 low.

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This entry was posted on Monday, March 14th, 2011 at 10:26 am and tagged with EURCHF, pullback and posted in trading note. You can follow any responses to this entry through the RSS 2.0 feed.